Last year, Ways and Means Republicans in Congress put together what the committee called a “blueprint” for tax reform. Titled “A Better Way Forward On Tax Reform,” the document outlined how Republicans thought taxes could (and should) be tweaked — and it has noteworthy similarities with the tax plan that the Trump administration released during the campaign for the Presidency last year, too.
- The business tax rate cut under Trump's proposal would likely be good for real estate agents' and brokers' bottom line.
- Concerns from NAR remain about the effective elimination of the mortgage interest deduction and the future of homeowner taxes (and home values) under the proposal.
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